Tenant will have a 3-year commercial lease, with a 2-year option

Customer Question

Tenant will have a 3-year commercial lease, with a 2-year option in a building that is for sale. Does the following language protect the tenant in the event that a buyer wishes to terminate the lease or change any terms of the original lease? or should the word buyer be specifically mentioned?"TERMINATION UPON SALE OF PREMISES. The covenants and agreements contained in this lease shall be binding upon the parties hereto and on their respective successors, heirs, executors, administrators, legal representatives. Landlord, on consummation of the sale or transfer, shall be released from any liability thereafter accruing under the lease."

Hello and welcome to JustAnswer. Please note: (A) This is general information and is not legal advice. No specific course of action is proposed herein, and no attorney-client relationship or privilege is formed by speaking to an expert on this site. By continuing, you confirm that you understand and agree to these terms; and (B) the site allows experts not participate in phone calls and I may or may not be able to participate in this feature.While this does the bare minimum, may I suggest adding something akin to the following:"Landlord and tenant agree that any type of transfer of interest by landlord to any third party shall have the lease in question ASSIGNED to the third party with all duties and rights herein, provided this does not conflict with any federal or state law. It is the duty of the landlord to give notice to any third party receiving said assignment of the lease and the rights and duties therein."I hope this helps and clarifies. Gentle Reminder: Use the SEND or REPLY button to keep chatting, or please rate when finished. You may always ask follow ups at no charge after rating. Kindly rate my answer as one of the top three faces/stars and then SUBMIT, as this is how I get credit for my time with you. Rating my answer the bottom two faces/stars or failing to submit the rating does not give me credit and reflects poorly on me, even if my answer is correct. I work very hard to formulate an informative and honest answer for you; please reciprocate my good faith.